Navigation Links
Owensboro Medical Health System Announces Results of Its 'Modified Dutch Auction' Tender Offer

OWENSBORO, Ky., July 21 /PRNewswire/ -- Owensboro Medical Health System, Inc. today announced the results of its "Modified Dutch Auction" tender offer for a portion of the 2001 Series B and Series C Health System Variable Rate Revenue Bonds (Owensboro Mercy Health System, Inc.) issued by the City of Owensboro, Kentucky, the proceeds of which were loaned to OMHS. The offer expired at 12:00 p.m., New York City time, on Monday, July 20, 2009.

OMHS has accepted for payment $13,850,000 aggregate principal amount of bonds at a purchase price of $960 per $1,000 principal amount, for a total cost of $13,296,000, plus accrued and unpaid interest up to, but not including, the settlement date of July 23, 2009.

Based on the final count by Wells Fargo Bank, National Association, the depositary for the tender offer, $13,850,000 aggregate principal amount of bonds were properly tendered and not withdrawn in the tender offer. Accordingly, there will be no proration of tenders received in the tender offer. All bonds properly tendered at or below the final purchase price have been accepted for payment. The depositary will make payment for the bonds accepted for purchase on the settlement date through the book-entry facilities of the Depository Trust Company.

Owensboro Medical Health System serves an 11-county region in Western Kentucky and Southern Indiana. The hospital received the HealthGrades Distinguished Hospital for Clinical Excellence Award in 2009, placing it among the top five percent of hospitals in the nation for quality. OMHS is a full-service hospital, employing a workforce of over 3,100. In addition to hospital and rehabilitation services, OMHS includes the HealthPark - a medical-based fitness center - home health services, a wound healing center, three outpatient diagnostic centers, the Mitchell Memorial Cancer Center and the McAuley Clinic, which provides healthcare for the uninsured. OMHS also operates Convenient Care, Pennyrile Pulmonary Critical Care and Western Kentucky Rheumatology Center, Owensboro; and MultiCare in Madisonville and Tell City (IN).

Important Information

This press release is for informational purposes only and is neither an offer to buy, nor the solicitation of an offer to sell, any securities.

SOURCE Owensboro Medical Health System, Inc.
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. HealthCare Partners of Nevada and Fremont Medical Center Join Forces
2. All Allied Health Schools Helps Medical Coding Students Prepare for New Health Care World
3. Growth in African Medical Imaging Markets: Frost & Sullivan Examines the Potential
4. President Obama Holds Roundtable Discussion on Health Reform at Children's National Medical Center
5. Can pen and paper help make electronic medical records better?
6. ATS Medical Announces First Use of the New ATS CryoMaze 10-S Probe
7. Wake Forest Baptist Medical Center Names Chadwick CFO
8. One Healthcare Solution and MedBeyond Partner to Provide Optimum Solution for EMR and Medical Billing
9. MultiNational Underwriters Is Now HCC Medical Insurance Services
10. The Mount Sinai Medical Center Named to "Honor Roll" in U.S. News's 2009-10 Edition of America's Best Hospitals
11. Congressmen Mike Ross and Kendrick Meek Introduce Bill to Protect Medicare Patients Who Require Medical Oxygen Therapy at Home
Post Your Comments:
(Date:11/26/2015)... ... 2015 , ... The Catalent Applied Drug Delivery Institute today ... dose form selection in early phase drug development. The first of these is ... together the UK’s emerging life sciences companies, corporate partners, and investors, at Milton ...
(Date:11/26/2015)... ... November 26, 2015 , ... PRMA Plastic Surgery is updating ... our surgeons performed their 6,000th free flap breast reconstruction surgery! , “What an accomplishment ... day excited to rebuild lives and it’s an honor to have served all of ...
(Date:11/26/2015)... ... 26, 2015 , ... Pixel Film Studios brings Final Cut ... Vintage. This newly styled ProTrailer pack comes with 30 all-new vintage-inspired designs, with ... users limitless opportunities to stylize and create designs quickly and easily, all within ...
(Date:11/26/2015)... , ... November 26, 2015 , ... Indosoft Inc., developer ... of an application server to improve system efficiency and reliability. , The new Q-Suite ... of these standards, the system avoids locking itself into a specific piece of software ...
(Date:11/25/2015)... ... November 25, 2015 , ... As part of a global ... attracts volunteers together who want to combine talents and resources to help create ... the process. The non-profit launched its first major fundraiser on November 6, 2015 ...
Breaking Medicine News(10 mins):
(Date:11/26/2015)... , November 26, 2015 ... addition of the "2016 Future Horizons ... of Abuse Testing Market: Supplier Shares, Country ... report to their offering. --> ... the "2016 Future Horizons and Growth ...
(Date:11/26/2015)... 26, 2015 ... of the  "2016 Future Horizons and ... Drug Monitoring (TDM) Market: Supplier Shares, ... Opportunities"  report to their offering.  ... the addition of the  "2016 Future ...
(Date:11/26/2015)... Nov. 26, 2015 Research and Markets ... the "2016 Future Horizons and Growth Strategies ... Supplier Shares, Country Segment Forecasts, Competitive Intelligence, Emerging ... --> --> This ... the Italian therapeutic drug monitoring market, including emerging ...
Breaking Medicine Technology: